Common use of Mandatory Prepayments Due to Currency Fluctuations Clause in Contracts

Mandatory Prepayments Due to Currency Fluctuations. On the first Business Day of each calendar month (or at such other times as the Required Lenders may request (but not more frequently than once in any rolling three month period)), the Administrative Agent shall determine the total Revolving Credit Exposures of all of the Lenders (including the Dollar Equivalent of any portion thereof that is denominated in any Agreed Foreign Currency). For the purpose of this determination, the outstanding principal amount of any Loan that is denominated in any Agreed Foreign Currency shall be deemed to be the Dollar Equivalent thereof as of the relevant determination date. Upon making such determination, the Administrative Agent shall promptly notify the Lenders and the Company thereof. If on the date of such determination sum of the total Revolving Credit Exposures plus the aggregate principal amount of outstanding Competitive Loans exceed the total Commitments, then, if requested by the Required Lenders (through the Administrative Agent), the Borrowers shall prepay Loans to the extent of such excess.

Mandatory Prepayments Due to Currency Fluctuations. On the first Business Day of each calendar month (or at such other times as the Required Lenders may request (but not more frequently than once in any rolling three month period)), the Administrative Agent shall determine the total aggregate Revolving Credit Exposures Exposure of all of the Lenders (including the Dollar Euro Equivalent of any portion thereof that is denominated in any Agreed Foreign CurrencyDollars). For the purpose of this determination, the outstanding principal amount of any Loan that is denominated in any Agreed Foreign Currency Dollars shall be deemed to be the Dollar Euro Equivalent thereof of the amount in Dollars of such Loan, as of the relevant determination date. Upon making such determination, the Administrative Agent shall promptly notify the Lenders and the Company Borrower thereof. If on the date of such determination sum of the total aggregate Revolving Credit Exposures plus of all of the Lenders exceed the aggregate principal amount of outstanding Competitive Loans exceed the total CommitmentsCommitments as then in effect, then, if requested by the Required Lenders (through the Administrative Agent), the Borrowers Borrower shall prepay Loans to in such amounts as shall be necessary so that after giving effect thereto the extent aggregate Revolving Credit Exposure of such excessall of the Lenders do not exceed the aggregate Commitments.

Mandatory Prepayments Due to Currency Fluctuations. On the first Business Day of each calendar month (or at such other times as the Required Lenders may request (but not more frequently than once in any rolling three month period)), the Administrative Agent shall determine the total Revolving Credit Exposures of all of the Lenders (including the Dollar Equivalent of any portion thereof that is denominated in any Agreed Foreign Currency). For the purpose of this determination, the outstanding principal amount of any Loan that is denominated in any Agreed Foreign Currency shall be deemed to be the Dollar Equivalent thereof as of the relevant determination date. Upon making such determination, the Administrative Agent shall promptly notify the Lenders and the Company thereof. If on the date of such determination the sum of the total Revolving Credit Exposures plus the aggregate principal amount of outstanding Competitive Loans exceed the total Commitments, then, if requested by the Required Lenders (through the Administrative Agent), the Borrowers shall promptly prepay Loans to the extent of such excess.